The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLEGHANY CORP DEL COM 017175100 22,758 56,900 SH   SOLE   56,900 0 0
ARROW ELECTRS INC COM 042735100 10,861 200,200 SH   SOLE   200,200 0 0
BANK OF AMERICA CORP COM 060505104 37,476 2,406,947 SH   SOLE   2,406,947 0 0
BERKSHIRE HATHAWAY INC DEL CLB NEW 084670702 12,757 107,600 SH   SOLE   107,600 0 0
BANK NEW YORK MELLON CORP COM 064058100 39,735 1,137,221 SH   SOLE   1,137,221 0 0
CITIGROUP INC COM NEW 172967424 40,016 767,910 SH   SOLE   767,910 0 0
CNA FINL CORP COM 126117100 24,456 570,200 SH   SOLE   570,200 0 0
CORNING INC COM 219350105 40,426 2,268,600 SH   SOLE   2,268,600 0 0
SUNTRUST BKS INC COM 867914103 23,860 648,200 SH   SOLE   648,200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 45,796 258,353 SH   SOLE   258,353 0 0
HEWLETT PACKARD CO COM 428236103 21,836 780,400 SH   SOLE   780,400 0 0
INGRAM MICRO INC CLA 457153104 17,982 766,500 SH   SOLE   766,500 0 0
THOMSON REUTERS CORP COM 884903105 7,043 186,300 SH   SOLE   186,300 0 0
KT CORP SPONSORED ADR 48268K101 15,790 1,061,900 SH   SOLE   1,061,900 0 0
LOCKHEED MARTIN CORP COM 539830109 29,583 199,000 SH   SOLE   199,000 0 0
MICROSOFT CORP COM 594918104 43,080 1,150,956 SH   SOLE   1,150,956 0 0
MORGAN STANLEY COM NEW 617446448 44,291 1,412,341 SH   SOLE   1,412,341 0 0
NABORS INDUSTRIES LTD SHS G6359F103 29,250 1,721,600 SH   SOLE   1,721,600 0 0
NORTHROP GRUMMAN CORP COM 666807102 20,882 182,200 SH   SOLE   182,200 0 0
PATTERSON UTI ENERGY INC COM 703481101 20,243 799,501 SH   SOLE   799,501 0 0
POSCO SPONSORED ADR 693483109 20,569 263,700 SH   SOLE   263,700 0 0
RAYTHEON CO COM NEW 755111507 9,224 101,700 SH   SOLE   101,700 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 20,622 837,600 SH   SOLE   837,600 0 0